Wind execs call for long-term incentives

SteveGelsi

NEW YORK (MarketWatch) -- Wind energy executives on Tuesday called for long-term federal energy programs that would help development of turbine farms, including the possible extension of a tax credit program that expires at the end of 2012. Sonny Garg, president of Exelon Power, a unit of Exelon Corp.
EXC, +2.00%
said it's difficult to expand wind capacity without incentives such as renewable energy standards. E.On AG
E.ON, -0.93%
executive Steve Trenholm said he would like to see the production tax credit extended. AES Corp.
AES, +1.89%
executive Ned Hall said most of the power firm's wind investments are taking place outside the U.S. because of a lack of long-term energy policy. Hall said wind offers long-term benefits such as energy diversity. Rick Needham of Google Inc.
GOOG, +0.68%
said the tech firm on Tuesday announced a $55 million investment in Terra-Gen Power's 102 megawatt Alta IV project in the Mojave Desert. Citigroup Inc.
C, +1.85%
is also investing in this project.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.